Max NOO LTV - single unit

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Mortgage and Lending with www.nosurpriseloans.com

What is the current experience as far as NOO max LTVs?  Assuming that all else is in order (full doc, scores, reserves, DTI, etc) what is reasonable to expect?

 

I have a customer who bought a couple of NOOs 2 and 3 years back, and now they are adjusting.  Problem is, he did them as 8020s at that time, and my understanding is that the 100% NOO days have come and gone.  Trying to do a damage assessment and see what can be salvaged.  I don't suppose there's any chance of anyone subordinating his existing seconds?

Grasping at straws, I know.

Would be interested in the input of others as far as their most recent max LTV on an NOO.

 

THANKS!  :)

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I have seen some 95 ltv investment programs and even with MI it might be a better choice. You are a good man to work to protect your client like that
November 13, 2007 10:29 PM
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Rainer
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Ted Lyons

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